FLSW: Better Than EWL, But A Questionable Buy At This Juncture

  • Franklin FTSE Switzerland ETF is a $50m-sized product that offers exposure to 50 large and mid-cap stocks from Switzerland. FLSW appears to trump EWL on multiple fronts, notably the cost efficiency, income, and the risk-adjusted return track record. The Swiss Franc's appreciation is likely to be quite troubling for the export oriented Swiss economy, while deflationary risks too have perked up.